Port of Long BeachBridge Development is celebrating a record year. In 2019, the industrial developer added 5.5 million square feet of industrial product to its portfolio in, Los Angeles, Orange County, Inland Empire and San Francisco. The firm delivered 1 million square feet of new product and acquired another 4.5 million square feet for future development.

“For 2019, we were able to grow our footprint in the markets that we were trying to get into,” Greg Woolway, VP of acquisitions and market leader in the Inland Empire and Bay Area at Bridge Development Partners, tells GlobeSt.com. “We had rapid growth in the Bay Area as well as the projects the Inland Empire. We were able to hit on successes early in the year and build on those successes.”

The activity in 2019 was essentially the second round of acquisitions for the firm, which opened earlier this cycle. “The L.A. office opened in 2015, and they did a first round of acquisitions totaling 2 million square feet,” Kevin Finnegan, director of acquisitions and market leader for the Los Angeles and Orange County markets at Bridge Development Partners, tells GlobeSt.com. “By the time Greg and I joined in 2016, those projects were complete and we were selling the first round of acquisitions. What we have now is the second round of acquisitions, and in 2019, a lot of those projects completed. We were able to have a lot of success of putting together a second round of acquisitions and executing the business plan on those projects.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.